News

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Newsfeed of all your Internet, technology, business and development news as they happen across Afrika.

Interswitch has officially confirmed that Visa will be buying a 20% stake

Confirmed: Visa be buying a 20% stake in Nigeria's Interswitch, a company focussed on the digitisation of payments in Nigeria and other countries in Africa, for $20 million, valuing the FinTech giant at $1 billion.

Amazon Web Services to invest in black-owned South African small businesses

AWS is set help take some of South Africa's startups and small businesses to the next level of their business journey. AWS will invest over R365 million into 100% black owned South African small businesses in ICT.

MTN's instant messaging platform has reached 1 million active users

It's no secret that telecommunications companies across Africa have regularly complained about OTT (Over The Top) platforms such as WhatsApp, Facebook Messenger, Snapchat, Skype, and others. Ayoba seems to be MTN's answer to them as it hits 1 million active users.

Shudu - the digitally generated black supermodel and influencer

It seems we have reached the age where computer generated "creations" are replacing humans. Shudu is a black supermodel that is digitally generated and exists only on the Internet, mostly Instagram. She already has earned some paid partnerships as an influencer.

OLX Group to invest up to $400m in Berlin-based online car marketplace Frontier Car Group

OLX Group, a Prosus company, has announced that it is looking to invest up to $400 million in Berlin-based online car marketplace Frontier Car Group.

It now takes one day to register a business in South Africa

BizPortal, a new online business registration service in South Africa, has been launched by a South African government agency known as the Companies and Intellectual Property Commission (CIPC). It reduces business registration to 1 day.

Visa to buy a 20% stake in Nigeria's Interswitch for $200 million

Visa is looking to buy 20% of Nigerian FinTech giant, Interswitch, for $200 million. This is in anticipation of Interswitch's IPO on the London Stock Exchange in 2020.